Triple-S Management Corporation (Form: 8-K)

0001299933-13-001739.txt : 20131001 0001299933-13-001739.hdr.sgml : 20131001 20130930213000 ACCESSION NUMBER: 0001299933-13-001739 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130930 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131001 DATE AS OF CHANGE: 20130930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRIPLE-S MANAGEMENT CORP CENTRAL INDEX KEY: 0001171662 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 660555678 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33865 FILM NUMBER: 131124919 BUSINESS ADDRESS: STREET 1: 1441 F.D. ROOSEVELT AVE. CITY: SAN JUAN STATE: PR ZIP: 00920 BUSINESS PHONE: 7877494949 MAIL ADDRESS: STREET 1: 1441 F.D. ROOSEVELT AVE. CITY: SAN JUAN STATE: PR ZIP: 00920 8-K 1 htm_48558.htm LIVE FILING Triple-S Management Corporation (Form: 8-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of Earliest Event Reported):		September 30, 2013

Triple-S Management Corporation
__________________________________________
(Exact name of registrant as specified in its charter)


Puerto Rico	000-49762	66-0555678
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)

1441 F.D. Roosevelt Avenue, San Juan, Puerto Rico		00920
_________________________________ (Address of principal executive offices)		___________ (Zip Code)


Registrant’s telephone number, including area code:		787-749-4949

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On September 30, 2013, the Company issued a press release announcing the departure of Susan Rawlings-Molina, President and Chief Executive Officer of Socios Mayores en Salud Holdings, Inc. ("Holdings"), the company’s Medicare subsidiary, effective September 30, 2013, and the appointment of Carlos A. Carrero, current Senior Executive Vice President and Chief Executive Officer of Holdings’ operating subsidiary, Socios Mayores en Salud, Inc., as her successor. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

The following exhibit is being furnished with this report:

Exhibit 99.1 Press Release of Triple-S Management Corporation, dated September 30, 2013.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	Triple-S Management Corporation

September 30, 2013	By:	Amílcar L. Jordán-Pérez

		Name: Amílcar L. Jordán-Pérez
		Title: Vice President and CFO

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Exhibit Index


Exhibit No.		Description

99.1		Press Release of Triple-S Management Corporation, dated September 30, 2013

EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

EXHIBIT 99.1

Triple-S Management Corporation
1441 F.D. Roosevelt Ave.
San Juan, PR 00920
www.triplesmanagement.com

FOR FURTHER INFORMATION:


AT THE COMPANY:		INVESTOR RELATIONS:
Alan Cohen Chief Marketing & Communications Officer (787) 706-2570		Kathy Waller AllWays Communicate, LLC (312) 543-6708

Triple-S Management Corporation Announces Departure of Susan Rawlings-Molina; Names Carlos A.
Carrero as Successor

SAN JUAN, Puerto Rico, September 30, 2013 – Triple-S Management Corporation (NYSE:GTS), the leading managed care company in Puerto Rico, today announced the departure of Susan Rawlings-Molina, President and Chief Executive Officer of Socios Mayores en Salud Holdings, Inc. (“Holdings”), the company’s Medicare subsidiary, effective today. Mr. Carlos A. Carrero, currently the Senior Executive Vice President and Chief Operating Officer of Holdings’ operating subsidiary, Socios Mayores en Salud, Inc. (“SMS”), has been appointed as her successor. Ms. Rawlings is relocating back to the mainland United States to pursue personal interests.

Mr. Carrero joined SMS in March 2011 as Senior Vice President and Chief Sales & Marketing Officer, and since January 2012 assumed the responsibilities of his current position, drawing upon his 30 years of experience in the health insurance field. In this role, he reported directly to Ms. Rawlings-Molina and oversaw all operational matters related to the approximately 114,000 Medicare Advantage (MA) members serviced by the company. Prior to joining SMS, he was Executive Director at First Medical from 2009-2010, a Puerto Rico health insurance company with MA and commercial business. Mr. Carrero also served from 1987 to 1997 as director of the Blue Cross Blue Shield of Florida’s Audit and Reimbursement department, with responsibility for more than $3.8 billion in Medicare payments.

Ramon M. Ruiz-Comas, President and Chief Executive Officer of Triple-S Management Corporation, said, “We thank Susan for her dedicated service and contributions to Triple-S. She has been instrumental in unifying the MA business, streamlining our operations and increasing accountability, creating greater efficiency and positioning us for further improvement in our Star ratings. We wish her the best in any future endeavors. While Ms. Rawlings-Molina will be missed, Triple-S is fortunate to have an individual of Mr. Carrero’s caliber to replace her. He is extremely knowledgeable about all aspects of Medicare, giving him the tools necessary to drive continued growth in our core business.”

About Triple-S Management Corporation

Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the leading player in the managed care industry in Puerto Rico. Triple-S Management also has the exclusive right to use the Blue Cross Blue Shield name and mark throughout Puerto Rico and the U.S. Virgin Islands. With more than 50 years of experience in the industry, Triple-S Management offers a broad portfolio of managed care and related products in the Commercial, Medicaid and Medicare Advantage markets under the Blue Cross Blue Shield brand through its subsidiary Triple-S Salud, Inc. In addition to its managed care business, Triple-S Management provides non-Blue Cross Blue Shield branded life and property and casualty insurance in Puerto Rico.

For more information about Triple-S Management, visit www.triplesmanagement.com or contact kwaller@allwayscommunicate.com.

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